Ownership Cost for 1985 Volvo 240 GL
Estimated: $26915 over the next 5 years
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
| Depreciation | $984 | $472 | $413 | $374 | $335 | $2578 |
| Insurance | $1451 | $1502 | $1554 | $1609 | $1665 | $7781 |
| Fuel | $2229 | $2295 | $2376 | $2471 | $2582 | $11953 |
| Maintenance | $730 | $253 | $137 | $225 | $1356 | $2701 |
| Repairs | $91 | $323 | $353 | $487 | $612 | $1866 |
| Taxes & Fees | $24 | $24 | $24 | $24 | $24 | $36 |
| Total Ownership Costs | $5509 | $4849 | $4837 | $5168 | $6553 | $26915 |
| Model year | COMPONENT | Complaint |
| 1994 | VEHICLE SPEED CONTROL | AFTER DRIVING FOR A WHILE ACCELERATOR BECAME STUCK IN OPEN POSITION, CAUSING VEHICLE TO PICK UP MORE AND MORE SPEED. TO STOP, CONSUMER TURNED INTO A DRIVEWAY, AND JAMMED VEHICLE INTO PARK AND SHUT ENGINE OFF. DEALER HAS BEEN CONTACTED. *AK |
| 1985 | ELECTRICAL SYSTEM:WIRING:FRONT UNDERHOOD | FOLLOWING MULTIPLE BREAKDOWNS FAILED INSULATION ON EXPOSED ELECTRICAL WIRES IN CLOSE PROXIMITY TO THE FUEL INJECTION SYSTEM AND ALTERNATOR WERE FOUND. I BELIEVE THIS TO BE A DANGEROUS SITUATION WHICH COULD LEAD TO FIRE AND HAVE TAKEN THE CAR OFF THE ROAD PENDING REPAIR. I SEARCHED GOOGLE FOR VOLVO BAD WIRING AND CAME UP WITH MANY HITS. THIS APPEARS TO BE A SAFETY RELATED DESIGN FAULT RELATED TO THE TYPE OF WIRE USED ONLY IN CERTAIN YEARS IN THE EARLY 1980'S. EARLIER AND LATER CARS SEEM TO BE OK. IT SEEMS THE WIRE IS NOT HEAT RESISTENT. |
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